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Reading time: ~ 2 m Interest in Bitcoin mining has grown, even despite a serious drawdown in the price of the asset. Despite the fact that the bitcoin price has lost 27% compared to its historical maximum, the hash rate at the end of the last week increased by more than 7%, to 186.5 Eh / s, having risen to a maximum value since April of this year. Moreover, during the severe drawdown of the bitcoin price on December 3, this indicator jumped to the maximum value in the last seven months – 190 Eh / s. For the first…

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Cryptocurrency mining activities are associated with a high level of risk. This was stated by Elena Avakyan, Vice-President of the Federal Chamber of Lawyers of the Russian Federation, in an interview with lawyer Anna Kostyra. Avakyan noted that currently there is no law on mining activities in the Russian Federation and rules for taxation of digital financial assets have not been adopted. «[В этой связи] it is possible to carry out mining on the territory of the Russian Federation if there is a properly built compliance management, with a clear understanding of the emerging and future risks, ”said the vice…

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Reading time: ~ 2 m One of the country’s leading ecologists, Ricardo Navarro, believes that BTC mining using volcanic energy (geothermal) will ultimately lead to an environmental disaster. writes news.bitcoin. According to Navaro, the cost of geomermal energy even exceeds the cost of oil, and therefore he considers such a decision of the country’s President Nayib Bukele doubtful. Back in early June, Salvadoran President Nayib Bukele said that his country is going to mine the oldest cryptoasset using energy coming from volcanoes located in the region. At the end of September, Bukele distributed a video describing the start of construction…

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Reading time: ~ 1 m Russian Alexander Vinnik, who was found guilty of money laundering by a French court, spoke about the conditions of detention in an interview with RT. According to Vinnik, he was “morally destroyed” and in prison he is treated like a terrorist: “I am in solitary confinement, in complete isolation. I am deprived of social contacts and cannot talk to anyone. I am constantly searched when I leave or enter the cell – it is very humiliating. ” Vinnik himself feels himself a victim of political relations between the United States and Russia. “I am not…

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Reading time: ~ 2 m One of the largest Bitcoin whales acquired another significant chunk of the asset as BTC began to recover its prices. Bitcoin and market correction Correction of the cryptocurrency market by 20% led to serious losses for the crypto market. During this time, some small traders mourned their financial losses, while others took the opportunity to purchase Bitcoin and other assets at a discount. The recovery above $ 50,000 was a surprise move by most holders, according to indicators of social sentiment such as the Fear and Greed Index, but large traders and investors have successfully…

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Reading time: ~ 2 m LaCucina, a DeFi engagement tier platform, is gearing up to launch on Binance Smart Chain (BSC). They will become a pioneering blockchain team that will offer the general public a way to bring more attention to DeFi. Through its state-of-the-art engagement program, LaCucina will provide access to a variety of opportunities for users who use selected Decentralized Exchanges (DEX). Users do not need to withdraw their tokens from DEX or place additional bets in order to receive rewards. Most farms and DEXs offer lucrative opportunities with a high percentage of returns, but they are built…

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Reading time: ~ 2 m Cryptocurrency investors may be excluded from the Financial Institutions Depositors Compensation Scheme (FSCS). The corresponding proposal is contained in the document FCAsubmitted for public consultation. “The FSCS can focus on core products that are more likely to meet the needs of ordinary investors. […] Non-core instruments like crypto assets, unlisted securities or unregulated collective investment schemes, under certain circumstances, can be excluded from the protection of the FSCS, ”the document says. In the event of bankruptcy of a UK-licensed financial institution, the FSCS program provides for payments of up to $ 112,700 for each affected…

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The founder of the LookIntoBitcoin analytical service Philip Swift has discovered a signal that may indicate a significant rise in the price of the first cryptocurrency in the near future The opinions of experts may not coincide with the position of the editorial board. RBC-Crypto does not provide investment advice, the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses. Crypto analyst and founder of the LookIntoBitcoin analytical service Philip Swift has discovered a signal that indicates a possible strong rebound in the price of bitcoin after falling to $ 42…

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Reading time: ~ 2 m Nvidia graphics cards with limited hash rate are the most effective solution to the problem of device availability for gamers. This was stated by the financial director of the company Colette Kress. According to her, despite the attempts of miners to remove the hashrate limitation from LHR-video cards, you won’t be able to fully unlock their performance in Ethereum mining. “Low hash rate cards only work with our Game Ready graphics drivers. In such a situation, large miners will not buy gaming video cards and will focus on purchasing specialized accelerators, ”Kress said. The top…

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Reading time: ~ 2 m Cryptocurrency # 1 has partially won back the losses. After Bitcoin declined to $ 42K last week, the digital asset is trading near the $ 51K mark in the first half of December 7. However, a slight recovery is taking place against the background of the emergence of data, which leads to the idea that a new downward correction is very likely. For example, the US Federal Reserve is accelerating the reduction in the supply of dollar liquidity to world financial markets. If in October the regulator allocated $ 120 billion for these purposes, then…

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